Financial Literacy Month Make a commitment to change

April is National Financial Literacy Month, and it couldn’t have come at a better time. Many consumers, some for the first time, have had to learn to live in a down economy. Financial Literacy Month is an opportunity for individuals to learn about financial matters such as developing a budget, understanding credit scores, and managing and saving money.

We have always known that financial education is important. In fact, our financial literacy survey found that 33 percent of Americans think they should be most responsible for their financial education.

That is why Money Management International launched our Financial Literacy Month section. On the site, there are 30 simple steps to financial freedom—one for each day of the month. In creating the step-by-step program, we realized that there are a lot of similarities between the efforts to lose weight and improve your financial situation. Both efforts take discipline are well worth the work. They also take time. And just like a 30-day crash diet does not provide you with long-term health benefits, we realize that a month of financial literacy will not make you financially well for a lifetime.

However, what 30 days of financial literacy can do is get you on the right path. How do I know? In addition to writing the steps, I went through them myself. I discovered that some of the steps were easier said than done (for example, the expense worksheet in Step 21 has 672 boxes!) But I also discovered that all the steps were necessary to establish a financial foundation that can be built on for a lifetime.

We invite you to join the thousands of consumers who have already taken the pledge to improve their financial wellness. By doing the simple act of visiting our Financial Literacy Month section and pushing a button, you will have completed the first, and most important step—making a commitment to change. From there, you can just take it one step at a time.

And rest assured that you don’t wait for April 1st to roll around. No matter what day or month of the year you begin your 30 step path to financial wellness; it will help you to create a successful strategy to better their overall financial position.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.